Monday, April 25, 2011

Option Flow Recap April 25th

Macro / Thematic

EEM iShares MSCI Emerging Markets Indx – A total of 66,000 of the May 51 / 53 call spreads were sold today at ~ $0.413. It appears to be closing transactions for the second day in a row.  (Always pay attention to profit taking)

GIS General Mills, Inc. – 17,500 of the October 33 puts were bought for $0.47. This is likely a closing transaction on a bullish risk reversal that was initiated back in March.

BONT The Bon-Ton Stores, Inc.  – 6000 of the October 15 calls were bought for $1.70. The company is expected to report in mid-May.

SWY Safeway Inc. – 4300 of the May 25 calls were bought for $0.65. The calls were bought to open. The company reports earnings before the open on the 28th of April.

SGMS Scientific Games Corp.  – 1000 of the May 10 calls traded on the offer throughout the day.  The company will report earnings on the 5th of May.

CAG ConAgra Foods, Inc.  – 10,000 of the January 26 calls were bought for $0.55. The calls appear to be an opening trade and tied to 250,000 shares of stock at $24.05


VLO Valero Energy Corporation – 5000 of the May 33 calls were bought for $0.21 to open, tied to ~80,000 shares of stock at $28.74.  Bearish... 

WFT Weatherford International Ltd.  – 1450 of the June 20 puts were sold at $0.77. The puts appear to have been sold to open.

Industrials / Materials

WM Waste Management, Inc. – 1550 of the October 32 puts were bought for $0.75. For the second day in a row, the put activity in Waste Management was far greater than the activity seen in the calls. The October 32 puts were the most active with over 7300 trading. The company is reporting earnings before the market opens on the 28th.

MAS Masco Corporation – 1750 of the May 13 puts were bought for $0.45. The puts appear to be bought to open.

LYB LyondellBasell Industries NV – 3900 of the May 38 puts were sold at $0.25. The puts were sold to open.


CSCO Cisco Systems, Inc.  – 38,000 of the January 22.5 calls were bought for $0.23. This appears to be a closing position.

NTAP NetApp Inc.  – 5200 of the January 2013 45 / 55 bullish risk reversal was bought for $2.35. It appears to be an opening position.


ETFC E TRADE Financial Corporation – An investor an investor bought the May 16 / October 16 call spread, 5000X, and also bought the July 16 / January 17.5 call spread, 5000x paying $1.32 for the package. It appears to be a roll of a bullish position which included selling both the May and July 16 calls and rolling out to the October and January calls.


GILD Gilead Sciences, Inc. – 1000 of the May 38 / 39 / 40 call butterfly was purchased for $0.24.

*Special thanks to Flotilla Partners, Option Radar, BMO Capital, MEB Options, LiveVolPro, CBOE, Option Monster, and all of the options desks and traders we work with to provide the option flow!

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

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